|
Report Date : |
04.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRENDBROKER FASHION GMBH |
|
|
|
|
Registered Office : |
Willy-Brandt-Allee 31, D 23554 Lübeck, |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
12.01.2004 |
|
|
|
|
Com. Reg. No.: |
HRB 6754 HL |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture of made-up textiles (except apparel) |
|
|
|
|
No. of Employees : |
2 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Company |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES
:
Any query related to this report
can be made on e-mail: infodept@mirainform.com while quoting report
number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
germany - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth in 2006 and 2007 and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its energy and 46% of its base-load electrical production.
|
Source
: CIA |
TRENDBROKER FASHION GMBH
Company Status: active
Willy-Brandt-Allee 31b
D 23554 Lübeck
Telephone:0451/20083-53
Telefax: 0451/20083-55
Homepage: www.trendbroker.com
E-mail: ralf@trendbroker.com
Trade name: Media
Docks
Business relations are permissible.
LEGAL FORM Private limited company
Date of foundation: 12.01.2004
Shareholders'
agreement: 12.01.2004
Registered on: 19.05.2006
Commercial Register: Local court 23568 Lübeck
under: HRB
6754 HL
Share capital: EUR 25,000.00
Shareholder:
Ralf
Schulte
D
23552 Lübeck
born:
20.09.1965
Share: EUR 25,000.00
Manager:
Ralf
Schulte
D
23552 Lübeck
having
sole power of representation
born:
20.09.1965
12.01.2004 - 27.09.2005 trendbroker fashion GmbH (HRB 90038, AG HH,
15.03.04)
Modering 1
D
22457 Hamburg
Private limited company
Secondary industrial sector
13920 Manufacture of made-up textiles (except
apparel)
14190 Manufacture of other wearing apparel and
accessories n.e.c.
4616 Agents involved in the sale of textiles,
apparel,
footwear and leatherware
4751 Retail sale of textiles
Payment experience: within agreed terms
Negative information: We
have no negative information at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Willy-Brandt-Allee
31 b
D 23554 Lübeck
Land register documents
were not available.
COMMERZBANK, LÜBECK
Sort. code: 23040022, BIC:
COBADEFF230
Profit: 2011 EUR 66,228.00
Equipment: EUR 18,000.00
Ac/ts receivable: EUR 240,832.00
Liabilities: EUR 259,993.00
Employees:
2
The aforementioned business
figures may partly be estimated
information based on
average values in the line of business.
Balance sheet ratios 01.01.2011 -
31.12.2011
Equity ratio [%]: 67.01
Liquidity ratio: 9.94
Return on total capital [%]: 13.93
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 21.00
Liquidity ratio: 0.75
Return on total capital [%]: -8.34
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 21.07
Liquidity ratio: 1.98
Return on total capital [%]: 16.12
Balance sheet ratios 01.01.2008 -
31.12.2008
Equity ratio [%]: 25.00
Liquidity ratio: 0.52
Return on total capital [%]: 15.00
Equity ratio
The equity ratio indicates
the portion of the equity as compared
to the total capital. The
higher the equity ratio, the better the
economic stability
(solvency) and thus the financial autonomy of
a company.
Liquidity ratio
The liquidity ratio shows
the proportion between adjusted
receivables and net
liabilities. The higher the ratio, the lower
the company's financial
dependancy from external creditors.
Return on total capital
The return on total capital
shows the efficiency and return on
the total capital employed
in the company. The higher the return
on total capital, the more
economically does the company work
with the invested capital.
Type of
balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 475,400.89
Fixed assets EUR 60,355.00
Intangible assets EUR 1.00
Other / unspecified intangible
assetsEUR 1.00
Tangible assets EUR 60,354.00
Other / unspecified tangible assets EUR 60,354.00
Current assets EUR 414,302.60
Stocks EUR 94,797.91
Accounts receivable EUR 240,831.53
Other debtors and assets EUR 240,831.53
Liquid means EUR 78,673.16
Remaining other assets EUR 743.29
Accruals (assets) EUR 743.29
LIABILITIES EUR 475,400.89
Shareholders' equity EUR 161,494.04
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 136,494.04
Balance sheet profit / loss EUR 136,494.04
Provisions EUR 53,914.25
Liabilities EUR 259,992.60
Other liabilities EUR 259,992.60
Unspecified other liabilities EUR 259,992.60
Type of
balance
sheet: Company balance sheet
Financial year: 01.01.2010 - 31.12.2010
ASSETS EUR 338,663.98
Fixed assets EUR 5,283.00
Intangible assets EUR 1.00
Other / unspecified intangible
assetsEUR 1.00
Tangible assets EUR 5,282.00
Other / unspecified tangible assets EUR 5,282.00
Current assets EUR 332,482.60
Stocks EUR 129,463.44
Accounts receivable EUR 103,917.23
Other debtors and assets EUR 103,917.23
Liquid means EUR 99,101.93
Remaining other assets EUR 898.38
Accruals (assets) EUR 898.38
LIABILITIES EUR 338,663.98
Shareholders' equity EUR 95,265.94
Capital EUR 25,000.00
Subscribed capital (share capital) EUR 25,000.00
Balance sheet profit/loss (+/-) EUR 70,265.94
Balance sheet profit / loss EUR 70,265.94
Provisions EUR 46,749.32
Liabilities EUR 196,648.72
Other liabilities EUR 196,648.72
Unspecified other liabilities
EUR 196,648.72
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.48 |
|
UK Pound |
1 |
Rs.82.71 |
|
Euro |
1 |
Rs.71.27 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the
strongest capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for
credit transaction. It has above average (strong) capability for payment of
interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly
Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet
normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and
principal sums in default or expected to be in default upon maturity |
Limited
with full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be
exercised |
Credit
not recommended |
|
-- |
NB |
New
Business |
-- |
This score serves as a reference to assess SC’s credit
risk and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.